Latest News from around the world at one place and my unbiased views on those stories.

Tuesday, November 4, 2008

Obama Wins US Presidency

Most Watched News on Nov 4 and 5 and...

Barack Obama was elected the 44th president of the United States of America, opening a new chapter in the country's history as the first African-American to hold the world's most important job.

The Illinois senator capped his 21-month quest with a sweeping electoral victory that also enhanced the Democrats' majority in Congress and marked the end of an era of Republican dominance in Washington.

My Views: For a change US will be ruled by "Democrats" for some time. People voted Obama so that he can "do" something to change US situation BUT I am sure he will not be (and for that matter anyone would be) able to solve the grave situation US is in.

The magic of Obama can't turn things around, things for which Democrats are equally responsible. It was the group of Democrats that had majority in senate and still they LET PASS BILLS AUTHORIZING INSANE CORRECTIONS IN SEC REGULATIONS (LIKE THE 1:30 FOR BIG 5 BANKS!!!).

Analyzing his past speeches, particularly during campaign, I realize only one thing - Obama doesn't know anything about economics at all, if he does, then at least he is not going to use that knowledge but do what politicians are good at - cheating taxpayers.